Despite crisis we see momentum in market: Mercedes-Benz India chief
Mercedes-Benz India reports that the luxury car market remains resilient despite global supply chain disruptions and rising costs. The company plans further price hikes to offset expenses while maintaining a positive growth forecast for the year.
Why it matters
This reflects the luxury sector's ability to maintain consumer demand even during periods of macroeconomic volatility and geopolitical tension.
Despite the series of shocks including the latest West Asia conflict and the resultant supply chain disruptions & rising crude oil prices, India’s luxury car market remains resilient, with demand continuing to outpace broader industry expectations
The article relies heavily on corporate statements from the CEO, which is standard for business reporting.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in